Amidst a downward trend in the stock market, several stocks are making headlines due to significant developments affecting their performance. This article highlights the current share prices of these notable stocks and the key factors driving their movements.
Zomato Share Price
On Wednesday, Zomato's stock dropped more than 2%, trading at Rs 285.05. This decline coincides with the announcement that SEBI has approved competitor food delivery firm Swiggy's Rs 10,450 crore initial public offering (IPO), escalating rivalry in the market.
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Reliance Power Share Price
Reliance Power's shares jumped to a new 52-week high and crossed over the 5% upper circuit limit for the sixth straight session. At the time of filing, the shares were trading at Rs 42.06 The company's board approved a preferential selling of up to 46.2 crore equity shares and/or warrants, valued at Rs 1,525 crore, which was revealed, which led to a huge surge in share price.
Zee Media Corporation Share Price
Zee Media Corporation's stock saw a significant rise of more than 15%, closing at Rs 16.26, following the announcement by the private news broadcaster that its board of directors would meet later this week to discuss possible funding sources. The corporation intends to issue securities or other permissible instruments in several tranches in order to raise money. The 52 week high and low of the share is Rs 18.30 and Rs 10 respectively.
EaseMytrip Share Price
On Wednesday, the shares of Easy Trip Planners fell sharply, declining nearly 8% to a 52-week low of Rs 37.01 on the BSE. This drop follows reports suggesting that promoter Nishant Pitti is likely to sell an 8.5% stake in the company. According to BSE data, approximately 22.42 million shares changed hands through multiple block deals during the trading session. The 52 week high and low of the share is Rs 174.10 and Rs 94.10 respectively.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)